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Speaker 1: Welcome to my show.

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Speaker 2: I'm Rashon McDonald, a host of Money Making Conversations Masterclass,

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Speaker 2: where we encourage people to stop reading other people's success

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Speaker 2: stories and start planning your own. Now, you don't want

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Speaker 2: to miss an episode, so please take a moment right

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Speaker 2: now to follow or subscribe to Money Making Conversations Masterclass.

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Speaker 1: It's free.

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Speaker 2: You can follow me on iHeartRadio, app, Spotify, Apple Podcasts,

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Speaker 2: or wherever you listen to your podcast. New Money Making

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Speaker 2: Conversations Masterclass episodes drop daily. I want to keep you

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Speaker 2: on alert because my guests provide tips on how you

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Speaker 2: can uplift your community, improve your financial planning, motivation, or

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Speaker 2: advice on how to be a successful entrepreneur. Now, let's

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Speaker 2: get this podcast started. My guess is the founder and

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Speaker 2: CEO of this scholarship system. Like many families, Jocelyn was

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Speaker 2: middle income. She wasn't a straight a student, all star athlete.

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Speaker 2: You still manage to graduate completely debt free by securing

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Speaker 2: one hundred and twenty six three hundred and fifty dollars

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Speaker 2: in scholarships.

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Speaker 1: It didn't happen by chance.

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Speaker 2: She developed a prove repeatable strategy that transformed the daunting

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Speaker 2: scholarship search into a clear, step by step system. Please

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Speaker 2: welcome the money making conversation Mastic class. Joscelyn Pearson. How

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Speaker 2: you doing, Joscelyn, I am wonderful.

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Speaker 3: Thank you so much for having.

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Speaker 2: Me one hundred and twenty six thousand dollars and scholarship.

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Speaker 1: Was that for over a four year period? Did you

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Speaker 1: go to graduate school?

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Speaker 4: Talk to us that is only undergraduate It is over

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Speaker 4: four years. That's actually a very important point with the

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Speaker 4: scholarship system. My university did not offer me a free ride,

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Speaker 4: so I had to accumulate my way to getting college

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Speaker 4: paid for, which I like to joke is the mere

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Speaker 4: mortals way to going to.

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Speaker 3: College without taking on tons of debt.

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Speaker 4: But I was not one of those students where you know,

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Speaker 4: we see them in the papers ten million dollars in

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Speaker 4: offers and they get their choice. I had to scrounge

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Speaker 4: together some funds. But that's, in my opinion, the more

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Speaker 4: likely way for an average family student to get there.

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Speaker 3: And so it was.

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Speaker 4: It was actually gradually accumulating my way. But each year

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Speaker 4: I snuck by where not only did I have enough

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Speaker 4: to cover that year, but I actually received an overage check.

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Speaker 2: That's awesome because I realized that, you know, you know,

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Speaker 2: people trying to pay back loans. People graduate from college

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Speaker 2: and they got things they want to start their life,

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Speaker 2: got that tremendous debt tied to their name. Because it's

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Speaker 2: really easy to get a loan. They're just signed it.

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Speaker 2: They don't credit check you, they just give you the money.

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Speaker 2: But the payback is daunting, and now people are trying.

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Speaker 1: To ask for forgiveness.

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Speaker 2: Please don't allow us to pay it back when you

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Speaker 2: have a system right now, the scholarship system that allows

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Speaker 2: people to get scholarship. When you use their word step

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Speaker 2: by step, educate us own that, Jocelyn Sure.

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Speaker 4: One of the reasons I've found a lot of families.

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Speaker 4: Let me back up, I think most families want scholarships, right.

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Speaker 4: We all want free money, other people's money to help

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Speaker 4: pay for college before we have to sign the dotted

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Speaker 4: line for that debt. But where we get stuck a

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Speaker 4: lot of times is the overwhelm they say to their student,

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Speaker 4: are you applying for scholarships?

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Speaker 2: Yeah?

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Speaker 4: Mom, Yeah, I'm getting there. And next thing we know,

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Speaker 4: they submitted a couple applications that were easy put in

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Speaker 4: there right in front of them, and that's it. But really,

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Speaker 4: they probably did go to Google. They probably did google scholarships.

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Speaker 4: They probably saw tons of scams and things that didn't

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Speaker 4: pertain to them, got overwhelmed and quit. And so when

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Speaker 4: I got my free ride, when I got paid to

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Speaker 4: go to college, I had friends and.

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Speaker 3: Family ask me how did you do it?

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Speaker 4: And when I was walking them through it, I sounded

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Speaker 4: like a broken record, right, And that's when it dawned

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Speaker 4: on me, Oh my gosh, these are clear steps. These

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Speaker 4: are repeatable steps that they just need to follow. And

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Speaker 4: I think that's why our families have successes because instead

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Speaker 4: of getting overwhelmed and just giving students and families this

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Speaker 4: big task of go get money, we say, okay, right now,

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Speaker 4: let's just.

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Speaker 3: Set a plan.

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Speaker 4: Okay, next step is okay, right now, let's understand what's

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Speaker 4: the bill?

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Speaker 3: Okay, next step?

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Speaker 1: All right?

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Speaker 4: This so it's one step out of time, and by

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Speaker 4: breaking down this big, scary, overwhelming process into a micro

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Speaker 4: focused step out of one step.

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Speaker 3: Out of time, that's how we can get to that

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Speaker 3: finish line.

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Speaker 1: Okay.

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Speaker 3: So that's why we call it the six Steps to scholarships.

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Speaker 2: Okay, we're early in the conversation, but you brought it up.

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Speaker 2: Is there a website. This guide us to the website,

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Speaker 2: and then out of that website conversation, I want to

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Speaker 2: talk about scams because I want to let people know

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Speaker 2: that there are truly scams out there and we want

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Speaker 2: to avoid them because you have some next step. But

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Speaker 2: let's talk about that website first. But we just before

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Speaker 2: we discuss scams.

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Speaker 3: Yeah, so they can go to the Scholarship System dot com.

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Speaker 2: We do tons of freecuresystem dot com.

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Speaker 4: Okay, thank you for rereading that. Yes, so the Scholarship

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Speaker 4: System dot com. And we are also on Instagram, TikTok,

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Speaker 4: all over social media. So we primarily actually coach parents

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Speaker 4: and then their students can implement the process. But it

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Speaker 4: really does help having that parents buy in to get

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Speaker 4: their students motivated and going to the scams. Like you asked,

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Speaker 4: this is also an important piece for parents to understand.

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Speaker 4: So a lot of parents will ask me, well, can

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Speaker 4: we just do it for them me my ethics, my

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Speaker 4: moral boundaries. Absolutely not. But even more so, I have

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Speaker 4: interviewed committees that have given out millions and millions of

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Speaker 4: dollars and they say, sure, we can't prove it, but

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Speaker 4: we know when a parent is doing the application for

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Speaker 4: their child. We know, and so we don't want to

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Speaker 4: cross the boundary of doing it for them. But where

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Speaker 4: can a parent help building that list and so understanding

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Speaker 4: the list of scholarships, helping them build that understanding what's

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Speaker 4: a scam and what's not. This is so perfect for

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Speaker 4: a parent to use their skills to help their student

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Speaker 4: and set them up for success.

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Speaker 3: Now, I will say, we do have a free webinar.

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Speaker 4: On that website at the Scholarship system dot com where

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Speaker 4: we talk about the how to spot the scams in

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Speaker 4: more details. They want visuals if they're a visual kind

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Speaker 4: of person. Okay, but here's a quick breakdown. When we're

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Speaker 4: talking about scholarships. If we can knock it out in

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Speaker 4: five or ten minutes. If it has words like easy

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Speaker 4: enter to win, weekly drawing, monthly drunk these it's scam.

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Speaker 3: Might be harsh. However, they're based on luck.

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Speaker 4: They're basically a sweepstake, and many of these organizations are

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Speaker 4: selling the information. They are actually using this as a

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Speaker 4: way to collect marketing information, collect emails, selling them away.

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Speaker 4: How do I know this? I'll tell you what my

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Speaker 4: email that I used for doing these. So for those

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Speaker 4: parents that are hearing this and saying, oh, no, we've

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Speaker 4: been doing those. I did them too. I wasted an

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Speaker 4: entire year before I figured out which ones to focus on.

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Speaker 4: My email had over twenty thousand emails. And this was,

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Speaker 4: you know, over a decade ago. This is before we

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Speaker 4: were getting twenty thousand a day.

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Speaker 3: But that they flooded me by selling my email.

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Speaker 4: And so we don't if it's based on luck, if

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Speaker 4: it says enter to win weekly drawing, if they just

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Speaker 4: have to write a sentence to win, that those are not.

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Speaker 3: Worth our time.

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Speaker 1: Now let's go talk about some this. I'm talking to Joscelyn.

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Speaker 2: She is the incredible founder and CEO of the Scholarship system.

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Speaker 2: She secured for four years, one hundred and twenty six thousand,

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Speaker 2: three hundred and fifty dollars in scholarships for herself.

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Speaker 1: Let's go with this first one.

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Speaker 2: It's too late or too early to apply, Joscelyn, your thoughts?

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Speaker 3: Yes, I love this one.

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Speaker 4: So I always joke I speak to parents with juniors

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Speaker 4: in high school or younger, and they say, oh, it's

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Speaker 4: early yet, we don't need to focus on.

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Speaker 3: Scholarships just yet.

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Speaker 4: And then I speak to my senior, my families with

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Speaker 4: seniors in high school and they say, oh my gosh,

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Speaker 4: we're freaking out.

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Speaker 3: We're behind the curve.

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Speaker 4: And I always joke, where was the school year in

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Speaker 4: between junior year and high school and senior year in

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Speaker 4: high school where they actually realize now's the time. So

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Speaker 4: it's just it always happens where we're in junior year.

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Speaker 4: We think we've got plenty of time. We get to

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Speaker 4: senior year and it is crazy. Our student has so

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Speaker 4: much stuff on their schedule. We're trying to get admissions

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Speaker 4: under our belt, BAFSA, all these things, and then we're

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Speaker 4: waiting until spring to do scholarships.

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Speaker 3: So the challenge with that is we.

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Speaker 4: Already missed dozens and dozens and dozens of deadlines that

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Speaker 4: our student could have submitted not only the fall semester

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Speaker 4: of their senior year, but actually junior year in high school.

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Speaker 4: If I could, I would have all families being in

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Speaker 4: this by spring semester junior year, no later. That said,

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Speaker 4: the other half of that myth is it's never too late.

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Speaker 4: So earlier I mentioned my six figures in scholarships was not.

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Speaker 3: In one big win. It wasn't even by the end

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Speaker 3: of high school.

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Speaker 4: I worked my way to it over the four years

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Speaker 4: I was in college. So I continued applying every single

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Speaker 4: year in school. In fact, my final check I cashed

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Speaker 4: was on my way home from college graduation, and that

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Speaker 4: is I did not miss speak. I won five hundred

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Speaker 4: dollars in my senior year in college. So for those

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Speaker 4: that are listening to this thinking, oh man, my student's

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Speaker 4: heading to college soon, or or they're already there, we

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Speaker 4: missed the bus, that's not true either.

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Speaker 2: Wow, that only here's something I was a student. I'm

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Speaker 2: gonna taste them. I went to college seven years. Okay,

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Speaker 2: I did lead dead free because I had loaned not long.

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Speaker 2: I had financial aid that they meet a page for

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Speaker 2: my college program because of my parents' income. So this

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Speaker 2: leads perfectly to me. The only only perfect students are

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Speaker 2: low income families qualify for scholarships. Your response to that.

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Speaker 4: Yes, so this is the other side is okay, Well,

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Speaker 4: we're willing to do the work. However, we've been told

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Speaker 4: we make too much money, or my student is not

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Speaker 4: a superstar athlete. I will spare you all from too

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Speaker 4: many embarrassing details about my athletic skills. But there was

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Speaker 4: no way I was getting any athletic scholarships, but also

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Speaker 4: my SAT score. I didn't even take the act. My

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Speaker 4: SAT was below average. I had to find the ones

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Speaker 4: that matched me. And believe it or not, there are

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Speaker 4: tons of scholarships out there that don't even ask for

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Speaker 4: GPA or maybe it's a three point zero or higher

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Speaker 4: requirement for the scholarship system. We actually give out thousands

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Speaker 4: of dollars in scholarships every year for the last decade

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Speaker 4: as well.

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Speaker 2: You know my wife and that we have a scholarship

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Speaker 2: program at the University of Houston give like an annual

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Speaker 2: least three or four students five thousand dollars scholarships who

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Speaker 2: are in stam or the College of Optometry. So with

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Speaker 2: that being said, what is a good scholarship Joscelyn.

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Speaker 4: Yes, So that's another one of the myths is all

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Speaker 4: the good scholarships are gone, right, And so that's where

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Speaker 4: a lot of students think, Oh, it's the Coca Cola,

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Speaker 4: the doctor Pepper, the free ride that the university gives out.

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Speaker 4: It's the one big win that gives them a free ride.

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Speaker 4: The thing is, in reality, like I said, for most families,

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Speaker 4: that's not going to be how we're going to pay

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Speaker 4: for calle that was not my path, and for many

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Speaker 4: of our families that have had success, it's not theirs either.

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Speaker 3: We're talking about smaller dollar, low hanging fruit, local scholarships.

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Speaker 4: This way we can slowly accumulate our way, we can

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Speaker 4: add up to a free ride five hundred, one thousand,

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Speaker 4: two thousand dollars, four thousand dollars.

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Speaker 3: But I would say most of our families their wins are.

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Speaker 4: In the five hundred to five thousand dollars range. We're

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Speaker 4: not talking about ten, fifteen thousand, hundred thousand dollars scholarships.

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Speaker 2: And that's what we did. We'd at five thousand dollars range.

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Speaker 2: And as a student, I think that does make a difference.

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Speaker 3: Oh, that's huge.

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Speaker 2: So we feel blessed to be in that position. And

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Speaker 2: let's talk about the work. Because I was in college

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Speaker 2: long time ago. Oh boy, just sitting down there trying

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Speaker 2: to fill out these applications.

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Speaker 1: It was just so daunting to me. Johncelyn, talk to

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Speaker 1: me about how.

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Speaker 2: Do you just inspire not only the parent, but a

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Speaker 2: child that want to fill out applications?

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Speaker 1: What are you offering to the table? What advice?

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Speaker 2: Right?

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Speaker 4: Yeah, And that's such a perfect So that fourth myth

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Speaker 4: is about it just has to take tons of time.

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Speaker 4: And I do want to say this is not something

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Speaker 4: that does not require work, right, So there's no big

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Speaker 4: red easy button that just does it for us. However,

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Speaker 4: when we do have clear steps, when we have a

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Speaker 4: clear process, when we have a system to follow, it

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Speaker 4: can feel a lot less daunting. And that's actually also

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Speaker 4: why we loved calling it the scholarship system is because

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Speaker 4: it's rinse and repeat. So where that free webinar on

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Speaker 4: our website, I mentioned I've got a visual and it's

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Speaker 4: the amount of money I accumulated in a bar charts

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Speaker 4: growing up up up each year.

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Speaker 3: But the amount of work, the amount of effort is opposite.

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Speaker 4: It's inverse, right, and so it's a line that's just

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Speaker 4: going down, down, down each year. Why because once I

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Speaker 4: got a few winning essays, once I was able to

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Speaker 4: document everything that was repeated.

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Speaker 3: You know, I was able to create in.

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Speaker 4: My Google Drive lists of out my activities. When I

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Speaker 4: was able to create documents of what kind of information

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Speaker 4: do they frequently ask? These little tricks save us time

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Speaker 4: and so that's where we can rinse and repeat. So

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Speaker 4: I love reusing essays in the right way. We have

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Speaker 4: to tweak them a little bit each time.

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Speaker 2: I gotta ask you this quick question, Jocelyn. You know

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Speaker 2: other scholarship system and AI. AI is such a tool

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Speaker 2: as being danced around. We talked about repeating paragraphs or

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Speaker 2: pei there.

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Speaker 1: Why you want this scholarship?

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Speaker 2: Does AI in your system play a role in enabling

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Speaker 2: students to qualify for scholarships?

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Speaker 6: I love that you asked this, so I have been

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Speaker 6: trying to figure out ways to use it in an

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Speaker 6: ethical manner right and of course to use it in

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Speaker 6: ways that do not get them disqualified because and I

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Speaker 6: know this isn't perfect, but even we run our winners

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Speaker 6: through AI and say did you write this?

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Speaker 4: And I know it's been known to claim credit for

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Speaker 4: things that it didn't right, but it is pretty good

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Speaker 4: at finding ones that it did. We even this last

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Speaker 4: year had students that submitted for our.

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Speaker 3: Scholarship and it said you could tell they just.

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Speaker 4: Copied and pasted an essay out of a out of

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Speaker 4: chat GPT and it said enter your personal information here,

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Speaker 4: and they didn't even read it thoroughly enough to replace

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Speaker 4: that enter your personal information here line of text.

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Speaker 3: So there is the right way to use AI, and

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Speaker 3: there is definitely the wrong way of AI.

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Speaker 4: And so actually we just released Tests, right, So Tess

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Speaker 4: is our AI Scholarship Assistant. She's a twenty four to

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Speaker 4: seven sidekick for our families in the scholarship system.

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Speaker 3: Isn't that?

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Speaker 4: So Tests we got her from TSS, from the acronym

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Speaker 4: for the scholarship system. You know, one of my favorite

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Speaker 4: things about Tests is she's been she's got a download

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Speaker 4: from my brain, and so you can just go in

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Speaker 4: there and ask her questions and you're basically getting.

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Speaker 3: The response that you get from me.

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Speaker 4: Even if it's at midnight on your favorite Saturday, that

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Speaker 4: you're partying it up and doing scholarships right, And so

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Speaker 4: we've just were able to serve people better when used

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Speaker 4: the right way. Now, with with great power comes great responsibility.

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Speaker 4: But I think she does a good job at coaching

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Speaker 4: without doing right.

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Speaker 2: Let's start going to tell you some I have something

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Speaker 2: a screenshot from our social media page. I mean, this

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Speaker 2: young lady delivers the questions and the answers on social

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Speaker 2: media as well as a website.

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Speaker 1: The scholarship system.

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Speaker 2: Let's start here, why some social middle class families are

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Speaker 2: paint sixty thousand dollars less for college and how are

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Speaker 2: they doing it?

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Speaker 4: Jocelyn so well, so this is where we're of course

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Speaker 4: talking about scholarships.

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Speaker 6: Right.

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Speaker 4: So when we want to with middle class families, we

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Speaker 4: call these in the income gap. So we're not we

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Speaker 4: can't just cut a check to pay for college. We

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Speaker 4: also are not going to get this free ride because

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Speaker 4: of our income level, right, and so where can we

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Speaker 4: quickly secure ways to reduce our price of college? That's

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Speaker 4: where we're going after these scholarships and they can add

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Speaker 4: up our families. I would say, well, I got six figures.

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Speaker 4: But we've had many families that have gotten six figures,

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Speaker 4: but that dollar amount that is something over four years.

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Speaker 3: Certainly many of them have accomplished.

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Speaker 1: Wow. Now, my whole thing is that there are so

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Speaker 1: many myths.

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Speaker 2: There's so many things that stop parents and students from

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Speaker 2: going to school and applying. Now the number one college

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Speaker 2: funding myth that keeps middle class parents, you believe, paying

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Speaker 2: full price versus pursuing scholarships opportunities. What do you think that?

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Speaker 2: Is it the process? Not knowing where the gold like

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Speaker 2: you have a platform they can go to. What is

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Speaker 2: stopping them? And also, why are we stereotyping our children

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Speaker 2: and saying they can't get scholarships because of where they

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Speaker 2: stand in the class rankings or they stand as a students,

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Speaker 2: And that's not.

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Speaker 3: True, right, And that's I think exactly.

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Speaker 4: What I was speaking about earlier, right, is that we

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Speaker 4: stopped before we even get started.

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Speaker 6: Right.

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Speaker 4: So many families, I've had families tell me, well, so

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Speaker 4: and so I work with They submitted FAFSA, for example.

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Speaker 4: FAFSA is a free application through the government. Every family

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Speaker 4: should submit FAFSA. And if you don't get anything through

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Speaker 4: the government, it's still some colleges require FAFSA in order

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Speaker 4: to get money from them. But a coworker says, well,

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Speaker 4: I didn't get anything through FAFSA, so you shouldn't submit it.

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Speaker 4: I met a family they missed out on seventeen thousand

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Speaker 4: dollars a year because they took this advice. They went

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Speaker 4: in her second year saying, we can't afford this anymore,

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Speaker 4: and they said, well, let me pull up your FAFSA.

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Speaker 4: Oh wait, you didn't do it because someone told them so.

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Speaker 4: And that's where there's a lot of naysayers. We actually

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Speaker 4: so in the scholarship system. We call our families hashtag

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Speaker 4: rebel families. Okay, if you can't tell, I have a

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Speaker 4: little bit of a rebellious bone in me. And so

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Speaker 4: we say, we are saying no to the broken system. Right,

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Speaker 4: we're saying no to the.

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Speaker 3: White picket fence.

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Speaker 4: Has to come with this decades of student und debt.

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Speaker 4: You mentioned the student debt takes on average twenty one years.

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Speaker 4: Twenty one years, So that means if your student is

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Speaker 4: borrowing to pay for college at eighteen, they're going to

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Speaker 4: be paying on it for longer than they've been alive.

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Speaker 2: Now, that is why a word that I had never

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Speaker 2: heard a faf SAW FAFSA. I've I viewed a lot

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Speaker 2: of people in the scholarship of opportunity lane, but this

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Speaker 2: is the first time I've heard faf SAW. Please educate

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Speaker 2: me as well as about audience exactly what that is.

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Speaker 4: Sure, and so this is technically like beyond private scholarships,

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Speaker 4: but it is our first line of defense. So when

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Speaker 4: I'm talking about the scholarship system, if you go to

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Speaker 4: my YouTube channel, yes my bread and butter is scholarships.

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Speaker 4: But ultimately we just want to pay for college. We

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Speaker 4: want a free ride. How do we get there. We

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Speaker 4: get there by combining every possible source of money. The

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Speaker 4: first and foremost is government funding. So and this is

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Speaker 4: even money that states have set aside. For example, I

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Speaker 4: live in the state of South Carolina. They have something

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Speaker 4: called Palmetto Fellows and this is as long as your

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Speaker 4: student hit certain numbers, and then you submit FAFSA. Your

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Speaker 4: student automatically receives this money every single year as long

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Speaker 4: as they maintain certain numbers. So this is there's need

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Speaker 4: based money. But it also by submitting this government form,

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Speaker 4: the universities use it to look at your family's financial

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Speaker 4: situation and decide what money they will give you, and

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Speaker 4: also certain states will use it to decide what money

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Speaker 4: they will give you, so our families know, yes, we

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Speaker 4: want to go after those small dollar scholarships one hundred percent.

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Speaker 4: But in step two, when we're covering paying for college

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Speaker 4: one oh one, we've got to know about FAFSA and

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Speaker 4: all the other types of money out there, because we

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Speaker 4: want to know.

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Speaker 3: No rock should be left unturned.

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Speaker 4: We want every possible free dollar to get us to

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Speaker 4: close that gap to the free ride.

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Speaker 1: Okay, the scholarship system.

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Speaker 2: Let's walk us through the process of going to your

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Speaker 2: web site and how it works and how you assist

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Speaker 2: a parent or a student who's eighteen years of old.

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Speaker 2: I'm assuming they have to be eighteen years old to

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Speaker 2: go to your website and use it or not. I

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Speaker 2: don't want to give out any incorrect information.

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Speaker 4: We have many students that watch our videos. There's no

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Speaker 4: problem with that. They can go to our YouTube, our instagram,

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Speaker 4: our our Facebook profile, our blog, so that's fine. I

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Speaker 4: will say, primarily it's parents that are coming looking for

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Speaker 4: the resources and then they are coaching their student through.

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Speaker 4: Now we've got tests to help, so, but you start

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Speaker 4: off at the scholarshipsystem dot com and at that website

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Speaker 4: you'll see tons of buttons saying join the free webinar.

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Speaker 4: That free webinar is about an hour and ten minutes

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Speaker 4: hour and fifteen minutes long, where I'm going to talk

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Speaker 4: about in more detail those four mits. I'm also going

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Speaker 4: to give visuals of what the good scholarships are so

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Speaker 4: you can see how I use.

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Speaker 3: Google in a certain way. And i will tell.

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Speaker 4: You this is an area that AI is very limited.

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Speaker 4: We have actually tried building AI to automate that and

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Speaker 4: it is just not there yet.

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00:22:00,240 --> 00:22:02,600
Speaker 3: It cannot beat our methods that we teach.

441
00:22:02,720 --> 00:22:05,439
Speaker 4: So you go to that webinar and if you decide

442
00:22:05,480 --> 00:22:07,520
Speaker 4: you want to join us, by attending that webinar, you

443
00:22:07,520 --> 00:22:09,600
Speaker 4: get a major discount and you can join us at

444
00:22:09,600 --> 00:22:12,639
Speaker 4: the end and join our course. So in our course,

445
00:22:12,720 --> 00:22:15,360
Speaker 4: we've got six steps laid out, it's all videos, we've

446
00:22:15,400 --> 00:22:18,400
Speaker 4: got worksheets, we've got a Facebook community, we have live

447
00:22:18,480 --> 00:22:20,959
Speaker 4: Q and a's two times a week that families can

448
00:22:21,080 --> 00:22:23,800
Speaker 4: jump in at any time, so it's basically free coaching

449
00:22:24,240 --> 00:22:28,000
Speaker 4: at any time, sorry twice a week. And then we've

450
00:22:28,040 --> 00:22:30,520
Speaker 4: got tests and that way tests can answer their questions

451
00:22:30,560 --> 00:22:33,119
Speaker 4: at any time. So we're doing everything we can to

452
00:22:33,200 --> 00:22:37,440
Speaker 4: keep a human component for support, keep curriculum for support,

453
00:22:37,480 --> 00:22:40,840
Speaker 4: and then now we've got our awesome little chat assistant

454
00:22:40,840 --> 00:22:42,200
Speaker 4: there to help them as well.

455
00:22:42,320 --> 00:22:45,560
Speaker 1: Let's talk about this, Johncelyn. The scholarship system.

456
00:22:45,600 --> 00:22:48,919
Speaker 2: We're talking about high school students going to college, but

457
00:22:49,000 --> 00:22:53,640
Speaker 2: what about the student who's in college just struggling, don't know.

458
00:22:53,560 --> 00:22:54,120
Speaker 1: Where to go?

459
00:22:54,760 --> 00:22:55,640
Speaker 3: Where I would start.

460
00:22:55,680 --> 00:22:58,000
Speaker 4: I'm going to give just some very quick places to go,

461
00:22:58,040 --> 00:22:59,800
Speaker 4: because I know that if we're in college and we

462
00:22:59,800 --> 00:23:03,040
Speaker 4: need money, it is urgent first and foremost. Go into

463
00:23:03,040 --> 00:23:06,399
Speaker 4: the financial aid department at the office. It might be

464
00:23:06,440 --> 00:23:09,639
Speaker 4: called the bursar's office, but whoever collects the money, and

465
00:23:09,720 --> 00:23:11,760
Speaker 4: ask them if they have some scholarships that they can

466
00:23:11,800 --> 00:23:16,520
Speaker 4: apply for. There are sometimes scholarships that freshmen incoming freshmen

467
00:23:16,560 --> 00:23:17,760
Speaker 4: are not considered for.

468
00:23:18,240 --> 00:23:20,879
Speaker 3: They have to apply once they're already there. They do

469
00:23:20,960 --> 00:23:21,520
Speaker 3: this on purpose.

470
00:23:21,520 --> 00:23:23,720
Speaker 4: They want to see are you actually going to graduate?

471
00:23:23,960 --> 00:23:27,000
Speaker 4: And so this is especially common. You'll see this with

472
00:23:27,160 --> 00:23:30,560
Speaker 4: nursing majors. They cannot get money. They start really applying

473
00:23:30,560 --> 00:23:33,760
Speaker 4: for scholarships through the university. Then it's hard to get

474
00:23:33,800 --> 00:23:37,240
Speaker 4: money through the university until they're sophomore year in college

475
00:23:37,440 --> 00:23:41,040
Speaker 4: because so many fail out that those first two years.

476
00:23:41,080 --> 00:23:43,160
Speaker 4: So that said, we want to go into the financial

477
00:23:43,160 --> 00:23:44,880
Speaker 4: aid office and see if there's any money we haven't

478
00:23:44,920 --> 00:23:47,600
Speaker 4: been already considered for. Secondly, we want to go into

479
00:23:47,640 --> 00:23:51,560
Speaker 4: our specific department. So I was a business student and

480
00:23:51,640 --> 00:23:54,520
Speaker 4: I did this. I needed that little extra amount for

481
00:23:54,560 --> 00:23:56,480
Speaker 4: the next following year, and so I went in and

482
00:23:56,520 --> 00:23:58,240
Speaker 4: they said, actually, we do have one, and we have

483
00:23:58,440 --> 00:24:01,320
Speaker 4: very few applicants. I said, you guys are a business school,

484
00:24:01,320 --> 00:24:04,720
Speaker 4: you should be good at marketing this, but I didn't mind.

485
00:24:05,200 --> 00:24:07,879
Speaker 4: I ended up getting eighteen hundred dollars a year the

486
00:24:08,040 --> 00:24:11,560
Speaker 4: remaining three years, but they did not consider incoming freshmen

487
00:24:11,600 --> 00:24:13,919
Speaker 4: at all. I had to go to my department and

488
00:24:14,000 --> 00:24:16,400
Speaker 4: ask them about money. We had another student who did

489
00:24:16,400 --> 00:24:19,640
Speaker 4: this after me giving the tip, and they said, well,

490
00:24:19,760 --> 00:24:21,679
Speaker 4: we really need help with this, so if you do that,

491
00:24:21,720 --> 00:24:24,280
Speaker 4: how about we give you a thousand dollars scholarship. Okay,

492
00:24:24,680 --> 00:24:28,480
Speaker 4: So we've actually had departments make scholarships, so speaking to

493
00:24:28,520 --> 00:24:31,399
Speaker 4: the bursar's office, speaking to the department, and then if

494
00:24:31,440 --> 00:24:35,560
Speaker 4: they are involved in any organizations looking locally.

495
00:24:35,480 --> 00:24:36,960
Speaker 3: State and nationally.

496
00:24:37,160 --> 00:24:41,480
Speaker 4: So I was in a business fraternity actually, and they

497
00:24:41,560 --> 00:24:45,120
Speaker 4: had a smaller local scholarship, but then they had national scholarships.

498
00:24:45,440 --> 00:24:50,040
Speaker 4: So also looking through any honor societies for attorneys, sororities,

499
00:24:50,080 --> 00:24:52,240
Speaker 4: clubs were a part of If they are part of

500
00:24:52,280 --> 00:24:55,000
Speaker 4: a bigger name, which usually are, oftentimes they will have

501
00:24:55,119 --> 00:24:56,320
Speaker 4: scholarships out there too.

502
00:24:56,640 --> 00:24:59,480
Speaker 2: How did you get past the fear and the planning

503
00:24:59,520 --> 00:25:02,720
Speaker 2: stages to be at this point where you've been interviewed

504
00:25:02,760 --> 00:25:04,280
Speaker 2: and a highly successful person.

505
00:25:04,720 --> 00:25:06,800
Speaker 1: What a business you created for yourself?

506
00:25:07,520 --> 00:25:10,520
Speaker 4: Well, I appreciate that, and we have. I've been full

507
00:25:10,520 --> 00:25:13,320
Speaker 4: time the scholarship system for a decade as of this

508
00:25:13,440 --> 00:25:17,320
Speaker 4: past July. And it started off with actually putting it

509
00:25:17,359 --> 00:25:20,879
Speaker 4: into a book. So a friend said, you know, I

510
00:25:20,920 --> 00:25:22,320
Speaker 4: was clearly passionate about it.

511
00:25:22,640 --> 00:25:24,520
Speaker 3: I was repeating myself over.

512
00:25:26,119 --> 00:25:28,440
Speaker 4: Imagine I was even more passionate without two kids that

513
00:25:28,520 --> 00:25:32,359
Speaker 4: kept me up at night. So I went ahead and

514
00:25:32,400 --> 00:25:33,679
Speaker 4: put it into a book.

515
00:25:33,960 --> 00:25:35,359
Speaker 3: And so that was supposed to be it.

516
00:25:35,400 --> 00:25:37,080
Speaker 4: I was still in the corporate world, and I woke

517
00:25:37,200 --> 00:25:39,560
Speaker 4: up an hour extra early each morning.

518
00:25:39,680 --> 00:25:41,480
Speaker 3: I got the book out on Amazon.

519
00:25:42,000 --> 00:25:44,399
Speaker 4: Luckily, a friend said to me, they said, in case

520
00:25:44,920 --> 00:25:47,160
Speaker 4: you ever do want to turn this into something, put

521
00:25:47,200 --> 00:25:50,600
Speaker 4: in something some kind of email collector. A year later,

522
00:25:51,119 --> 00:25:53,680
Speaker 4: I had a thousand emails from the book, and I said,

523
00:25:54,000 --> 00:25:57,000
Speaker 4: you know, I would really love to do this more on.

524
00:25:59,000 --> 00:26:01,320
Speaker 3: More intimately with families.

525
00:26:01,760 --> 00:26:05,200
Speaker 4: So I invited the thousand people to a webinar and

526
00:26:05,320 --> 00:26:07,879
Speaker 4: I said, I didn't even have the product yet. I said,

527
00:26:08,000 --> 00:26:10,880
Speaker 4: if I do this with you all live each week,

528
00:26:11,359 --> 00:26:14,280
Speaker 4: will you pay me. I got eight customers that night

529
00:26:14,359 --> 00:26:16,720
Speaker 4: and put in my two week notice that following Monday,

530
00:26:17,000 --> 00:26:23,480
Speaker 4: and that was it. Now, I will says eight customers,

531
00:26:23,640 --> 00:26:25,280
Speaker 4: I made like four hundred dollars or something.

532
00:26:25,280 --> 00:26:28,680
Speaker 3: It was not It was not sustainable. However, I will

533
00:26:28,720 --> 00:26:29,680
Speaker 3: say I was.

534
00:26:29,680 --> 00:26:34,360
Speaker 4: A very big Dave Ramsey fan. In fact, actually his

535
00:26:34,520 --> 00:26:37,400
Speaker 4: debt snowball is what made me so terrified of debt,

536
00:26:37,440 --> 00:26:39,080
Speaker 4: that made me pursue scholarships.

537
00:26:39,200 --> 00:26:40,480
Speaker 3: So I so I had a.

538
00:26:40,480 --> 00:26:42,479
Speaker 4: Six month emergency fund, so I knew I had at

539
00:26:42,560 --> 00:26:47,840
Speaker 4: least a six month what do they say a flight

540
00:26:47,880 --> 00:26:49,679
Speaker 4: line or whatever, I have a runway.

541
00:26:49,760 --> 00:26:50,840
Speaker 3: I have a six month runway.

542
00:26:51,200 --> 00:26:54,080
Speaker 4: And I from that moment I delivered the best I

543
00:26:54,080 --> 00:26:57,280
Speaker 4: could for those families. We got results, we got testimonials

544
00:26:57,280 --> 00:26:59,600
Speaker 4: from there, and then I just kept testing marketing and

545
00:26:59,720 --> 00:27:02,480
Speaker 4: built a small team, and I think my team is

546
00:27:02,520 --> 00:27:05,640
Speaker 4: the actually the reason that we are able to do

547
00:27:05,720 --> 00:27:08,680
Speaker 4: what we do. I will say, you said, what did

548
00:27:08,680 --> 00:27:10,919
Speaker 4: your friends and family say? And I will never forget

549
00:27:10,920 --> 00:27:13,560
Speaker 4: my boss. When I told him I'm going to start

550
00:27:13,560 --> 00:27:16,560
Speaker 4: my own thing, he said, oh, I remember when I

551
00:27:16,640 --> 00:27:17,800
Speaker 4: was young and impulsive.

552
00:27:17,960 --> 00:27:21,800
Speaker 3: You'll be back. I doubled my salary within a year.

553
00:27:22,320 --> 00:27:24,840
Speaker 1: Congratulations, I was going to get this story.

554
00:27:24,880 --> 00:27:28,439
Speaker 2: The truth is fear stops people, and also people can

555
00:27:28,520 --> 00:27:32,720
Speaker 2: stop you from pursuing your dreams. And I know I

556
00:27:32,800 --> 00:27:34,880
Speaker 2: left IB able to be a stand up coming, so

557
00:27:35,400 --> 00:27:38,400
Speaker 2: believe me, it was a whole lovel of people scratching

558
00:27:38,440 --> 00:27:43,359
Speaker 2: their head over that they pursuing a scholarship system of

559
00:27:43,600 --> 00:27:44,480
Speaker 2: helping people people.

560
00:27:44,560 --> 00:27:45,919
Speaker 1: You're gonna go and stay to be the next day

561
00:27:45,960 --> 00:27:48,920
Speaker 1: to Murphy. Yeah, yeah, yeah, I love it.

562
00:27:49,520 --> 00:27:51,920
Speaker 2: But I want to thank you you know again, You're

563
00:27:51,960 --> 00:27:54,000
Speaker 2: such a motivated, such an inspiring person.

564
00:27:54,480 --> 00:27:54,640
Speaker 6: Uh.

565
00:27:54,800 --> 00:27:58,560
Speaker 2: The scholarship system, Uh, these these they are so important

566
00:27:58,960 --> 00:28:02,160
Speaker 2: for students and paying understand there are options and education

567
00:28:02,720 --> 00:28:05,520
Speaker 2: in so many ways are available for us to pursue.

568
00:28:05,840 --> 00:28:09,600
Speaker 2: It's even better when we can financially afford it. Thank

569
00:28:09,600 --> 00:28:12,560
Speaker 2: you for coming on money Making Conversation Masterclass Jocelyn.

570
00:28:12,880 --> 00:28:14,760
Speaker 1: Thank you for listening to this episode.

571
00:28:15,000 --> 00:28:16,600
Speaker 2: No, I need for you to do me a favor

572
00:28:17,320 --> 00:28:20,760
Speaker 2: right now to follow our subscribe to Money Making Conversation.

573
00:28:21,040 --> 00:28:25,320
Speaker 2: It's free and you can find it on the iHeartRadio app, Spotify,

574
00:28:25,640 --> 00:28:29,520
Speaker 2: Apple Podcasts, or wherever you get your podcasts. Please do

575
00:28:29,600 --> 00:28:33,920
Speaker 2: me that favor, follow or subscribe Money Making Conversations.

576
00:28:34,160 --> 00:28:34,720
Speaker 1: Keep winning